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Non-Profit Asset Transfer Program

Our provincial housing strategy includes a number of initiatives to strengthen the non-profit sector that delivers social housing.

Many non-profits operate social housing on land that they lease from BC Housing. In 2014, the Provincial Government authorized BC Housing to transfer the ownership of up to 350 properties to qualified non-profit societies that operate social housing.
As of September 2016, the B.C. government has transferred ownership of 128 properties to non-profit societies across BC, who currently own and operate social housing. More than 90 per cent of social housing in B.C. is delivered by non-profit societies and these partnerships have already proven to be highly successful, for the societies, their tenants and for the health of the sector.
Net proceeds from the transfers are reinvested into the construction and renovation of social housing across the province.

Recent transfers

Stamps Place and Nicholson Towers in Vancouver have been transferred to New Chelsea Society and the Bloom Group respectively. The societies began operating the developments on April 1, 2016.

As of April 1, 2017, Ted Kuhn Towers in Surrey has been transferred to Habitat Housing Society and Sunset Towers in Vancouver has been transferred to More Than a Roof Mennonite Housing Society.